Singapore Q2 Jobless Rate Holds Steady at 2.0%

2026-07-31 02:41 By Chusnul Chotimah 1 min. read

Singapore’s seasonally adjusted unemployment rate stood at 2.0% in Q2 2026, holding steady at 2.0% for the fifth straight quarter, preliminary estimates showed.

The resident unemployment rate remained unchanged at 2.9%, while the citizen unemployment rate edged lower to 3.0% from 3.1%.

Retrenchments rose to 4,500 in Q2 from 3,830 workers in Q1, marking the highest number since Q4 2020, bringing the incidence of retrenchment up from 1.6 to 1.9 per 1,000 employees.

The increase was concentrated in some outward-oriented sectors, such as information and communication, mainly due to business restructuring.

Meanwhile, total employment increased by 10,700 in Q2 2026, up from 9,400 in Q1, marking the 19th consecutive quarter of growth since Q4 2021.

Overall employment growth was largely driven by foreign employment in the construction and manufacturing sectors.

Looking ahead, labour market conditions are expected to remain resilient, although firms remain cautious amid economic uncertainty.



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Singapore Q2 Jobless Rate Holds Steady at 2.0%
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